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BALTIMORE - T. Rowe Price (NASDAQ-GS:TROW) introduced two new active transparent equity exchange-traded funds (ETFs) on Thursday, expanding its ETF lineup to 24 offerings. According to InvestingPro data, one of the new funds, TGLB, began trading at $25.2 with initial daily trading volume of approximately 60,000 shares.
The T. Rowe Price Global Equity ETF (TGLB) and T. Rowe Price International Equity Research ETF (TIER) began trading on NYSE Arca, according to a company press release. TGLB has maintained a tight trading range between $25.17 and $25.2 since its launch. For comprehensive ETF analysis and real-time trading metrics, InvestingPro subscribers can access detailed financial data and expert insights.
TGLB aims to create a concentrated portfolio of 45-60 high-conviction investments in developed markets, maintaining geographic exposures similar to the MSCI World Index. Peter Bates, who has 21 years of investment experience at T. Rowe Price, manages the fund.
TIER seeks to construct a diversified portfolio of 300-500 securities across developed and emerging markets outside the United States, with characteristics similar to the MSCI All Country World ex USA Index. The fund is co-managed by six investment professionals from the firm’s global research team.
These new offerings join T. Rowe Price International Equity ETF (TOUS), launched in 2023, bringing the firm’s international active ETF offerings to three. The company’s active ETF roster now includes 18 equity and six fixed income funds.
Tim Coyne, Global Head of Exchange-Traded Funds at T. Rowe Price, stated that the new funds provide "increased access to international investing options in the ETF wrapper."
T. Rowe Price manages $1.62 trillion in client assets as of May 31, 2025, with approximately two-thirds being retirement-related, according to the press release. Track the performance of these new ETFs and access exclusive financial metrics through InvestingPro’s comprehensive ETF analysis tools.
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